SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000021280 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.000022450 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027490 |
| 2nd High | 0.000024080 |
| Next High | 0.000022450 |
| Current Price | 0.000021760 |
| Next Low | 0.000021280 |
| 2nd Low | 0.000020950 |
| 3rd Low | 0.000020880 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing